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Jun 9, 2019
06/19
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BLOOMBERG
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qantas had about 15. each of them has a considerable amount of power, because you can easily ground an airline by withholding services, which is a massive impact. david: joyce took his own drastic action. he closed down the airline. the reaction was harsh, the consequences reverberated nationwide. >> the government overall is concerned about the extreme action taken by qantas that had stranded tens of thousands of passengers far away from home. >> having the balls to do it was a massive thing at time. it has sort of faded into history now. had he not done that at the time, qantas would be very much a pale picture of what it is today. david: i want to go right back to the most controversial thing of your career, which was the lockout. why was it necessary? alan: you probably were aware that we had gone through more than a year with workforce groups working in unison with each other. we started to lose a lot of money because there was a lot of action happening. we started to lose $20 million a week. we coul
qantas had about 15. each of them has a considerable amount of power, because you can easily ground an airline by withholding services, which is a massive impact. david: joyce took his own drastic action. he closed down the airline. the reaction was harsh, the consequences reverberated nationwide. >> the government overall is concerned about the extreme action taken by qantas that had stranded tens of thousands of passengers far away from home. >> having the balls to do it was a...
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Jun 8, 2019
06/19
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BLOOMBERG
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join me to see how alan joyce got qantas flying high again. >> qantas' turnaround is really a textbook example of what can be done within the airline industry. david: in 2018, qantas reported a profit of $1.2 u.s., its largest ever. shareholders were awarded with buybacks and dividends of $360 million, while employees were showered with $50 million of bonuses. that was a far cry from the $2.7 billion loss announced in 2014. >> there is no doubt. today's numbers represent the year that has passed that we have now come through the worst. alan: how do you do? nice to meet you. welcome to qantas. david: tell me about the turnaround. how did the plan evolve? alan: we had probably the perfect storm there around 2013. the conditions are important because we had high oil prices. they reached over $4 billion, the highest we have seen. we have simultaneously tried to take massive market share and being funded by a number of foreign airlines, extensively funded. we also had, because of a very high aussie dollar, a lot of international carriers flying into australia. it was a perfect storm in all
join me to see how alan joyce got qantas flying high again. >> qantas' turnaround is really a textbook example of what can be done within the airline industry. david: in 2018, qantas reported a profit of $1.2 u.s., its largest ever. shareholders were awarded with buybacks and dividends of $360 million, while employees were showered with $50 million of bonuses. that was a far cry from the $2.7 billion loss announced in 2014. >> there is no doubt. today's numbers represent the year...
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0.0
Jul 18, 2022
07/22
by
LINKTV
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on qantas at its own game. borghetti had been in the running to become qantas's ceo. the board chose alan joyce instead. john borghetti: i feel like i won the olympics. peter: obviously, there was , and john felt that he probably should've got the qantas ceo role. but, you know, a lot of water passed under the bridge after that, and it was much more a focus, i think, on the market itself. i think probably if the antagonism was sort of balanced out, probably alan was more antagonistic towards john as he saw him trying to compete. michael brissenden: the battle between john borghetti and alan joyce came to be viewed as an epic and very personal feud. at virgin, borghetti set about pursuing what he called his "game change strategy" to take on qantas. it would spark an aggressive and expensive capacity war unlike anything the australian aviation industry had ever seen. brett: i think what happened was, virgin wanted to pursue qantas in all segments-- which i disagreed with, still disagree with-- and play, i guess,
on qantas at its own game. borghetti had been in the running to become qantas's ceo. the board chose alan joyce instead. john borghetti: i feel like i won the olympics. peter: obviously, there was , and john felt that he probably should've got the qantas ceo role. but, you know, a lot of water passed under the bridge after that, and it was much more a focus, i think, on the market itself. i think probably if the antagonism was sort of balanced out, probably alan was more antagonistic towards...
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Oct 31, 2011
10/11
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CNNW
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certainty qantas was going about stopping a nation. that crisis at least for now seems to have been averted. >> andrew stevens joining me live from sit any airport. more analysis on the political implications and on this figure of alan joyce, the ceo of qantas, a little laettner the program. >>> monday brings a change at the top. we'll hear from jean claude trichet about what he thinks may stabilize europe's economy in the long term. goes beyond 24-hour moisture.a it's clinically proven to improve your skin's health in one day, with significant improvement in 2 weeks. for healthy, beautiful skin that lasts. i found a moisturizer for life. [ female announcer ] aveeno daily moisturizing lotion. and for healthy, beautiful hair, try nourish plus haircare. only from aveeno. what's vanishing deductible all about ? guys, it's demonstration time. let's blow carl's mind. okay, let's say i'm your insurance deductible. every year you don't have an accident, $100 vanishes. the next year, another $100. where am i going, carl ? the next year... that
certainty qantas was going about stopping a nation. that crisis at least for now seems to have been averted. >> andrew stevens joining me live from sit any airport. more analysis on the political implications and on this figure of alan joyce, the ceo of qantas, a little laettner the program. >>> monday brings a change at the top. we'll hear from jean claude trichet about what he thinks may stabilize europe's economy in the long term. goes beyond 24-hour moisture.a it's clinically...
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0.0
Sep 5, 2023
09/23
by
BLOOMBERG
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qantas qantas should have said they would honor the price and they should have had a far longer term on the usage of the credits. they have done that now and they have made it unlimited. they have fixed that problem. the seats allegation is interesting. i believe the issue is that the engineering and the apparition sections of qantas were not communicating properly with the marketing section of the airline. and they were canceling flights and not telling marketing. i think we will find it was incompetence rather than deceit on the part of qantas. this is going to play out in court. some insiders say it was the left-hand not telling the right hand what was happening. with airlines last year, front end and backend was chaotic. systems were not working the way they were supposed to. haidi: neither deceit nor incompetence is great when you are talking about your flight carrier, but i suppose the last one might be preferred. when it comes to this, is that a red herring or does it create the perception of protectionism that might end up the government opening the door to more competition a
qantas qantas should have said they would honor the price and they should have had a far longer term on the usage of the credits. they have done that now and they have made it unlimited. they have fixed that problem. the seats allegation is interesting. i believe the issue is that the engineering and the apparition sections of qantas were not communicating properly with the marketing section of the airline. and they were canceling flights and not telling marketing. i think we will find it was...
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177
Nov 5, 2010
11/10
by
KQEH
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the qantas flight made an emergency landing at singapore. in a moment we'll have the latest from our correspondent in singapore. first though, we have a report on how the emergency unfolded. >> we have a technical issue with number two engine. >> it's what every passenger dreads. thousands of feet up. a tear in the wing clearly filmed from inside the plane just 15 minutes from singapore en route to sydney. >> secure at this stage. we're going have to hold for some time. >> the a380 the biggest passenger plane in the world was caught on film from the ground in indonesia. it had dropped as it flew over batam island. parts of the engine had fall on the ground. at first, they thought it had crashed. but after circling and dumping its fuel, the aircraft prepared to make an emergency landing. it went smoothly. and calmly. all 433 passengers and 26 crew were safe. but left questioning what went wrong when they arrived back in singapore. >> i was sitting just behind the wing, so we thought it was just -- we heard a loud thud. everybody sort of -- ev
the qantas flight made an emergency landing at singapore. in a moment we'll have the latest from our correspondent in singapore. first though, we have a report on how the emergency unfolded. >> we have a technical issue with number two engine. >> it's what every passenger dreads. thousands of feet up. a tear in the wing clearly filmed from inside the plane just 15 minutes from singapore en route to sydney. >> secure at this stage. we're going have to hold for some time....
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207
Dec 9, 2013
12/13
by
BLOOMBERG
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he has really taken the fight to qantas. there is that old lesson that you shouldn't attack your opponent's weaknesses, you should attack their strengths. qantas had a very strong domestic market. they had a virtual monopoly of it for nine years. it has made about 450 million of profit a year from that. virgin australia has taken that head on. it has had a fair amount of assistance from its major shareholders. this has been the first to complain about this. several international airlines compete with qantas on an international rate. that has drained qantas's drumstick -- domestic business. >> let's talk about the government here. qantas wants them to help out. is that likely to happen? qantas is something that has been lobbying the government about. they e-mail their staff last month telling them, go to your mps and complain about this. we are not fighting on a level playing field. their complaint is that virgin australia has these international shareholders that are able to provide a bit more cash for them to continue this
he has really taken the fight to qantas. there is that old lesson that you shouldn't attack your opponent's weaknesses, you should attack their strengths. qantas had a very strong domestic market. they had a virtual monopoly of it for nine years. it has made about 450 million of profit a year from that. virgin australia has taken that head on. it has had a fair amount of assistance from its major shareholders. this has been the first to complain about this. several international airlines...
154
154
Oct 31, 2011
10/11
by
CNN
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eye 154
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this is the first qantas plane to leave the tarmac in two days. flight qf 41 from sydney to jakarta, indonesia. travelers will have to wait until wednesday for the situation to return completely to normal. clrksnn's andrew stephens has been monitoring the developments from the sydney airport. sounds like quite a queue fcoupe company. what's the situation for the travelers? >> reporter: a lot better now than it was 24 hours ago when there was no end in site to negotiations on trying to get a deal between the unions and qantas, eventually the commission stepped in, a government-appointed body and told both qantas and the unions to lift all action including the lockout by qantas and the industrial action by the unions and get back to work. as you were saying, we're starting to see the backlog clear. it took longer than expected because even after they gave the all clear to go back to work, it took the civil aviation authorities a couple hours extra to clear the flights for safety reasons. passengers had to endure a couple more hours of misery. charle
this is the first qantas plane to leave the tarmac in two days. flight qf 41 from sydney to jakarta, indonesia. travelers will have to wait until wednesday for the situation to return completely to normal. clrksnn's andrew stephens has been monitoring the developments from the sydney airport. sounds like quite a queue fcoupe company. what's the situation for the travelers? >> reporter: a lot better now than it was 24 hours ago when there was no end in site to negotiations on trying to get...
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11
Aug 26, 2021
08/21
by
BBCNEWS
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eye 11
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qantas is one of the airlines _ to operate. qantas is one of the airlines that _ to operate. qantas is one of the airlines that has - to operate. qantas is one of the airlines that has been i to operate. qantas is one of| the airlines that has been so exposed to this, more than others. it has been interesting, during the course of the pandemic which airlines have acted in different ways. some of them have had government funding in some countries, but in other countries, but in other countries, they haven't done that? v, ., countries, they haven't done that? m, countries, they haven't done that? , ., that? qantas has basically had to stand on — that? qantas has basically had to stand on its _ that? qantas has basically had to stand on its own _ that? qantas has basically had to stand on its own two - that? qantas has basically had to stand on its own two feet. l to stand on its own two feet. even the support on jobs has been tapered down. and the way the government has approached the government has approached the pandemic with these really tight and regular lockdowns, many p
qantas is one of the airlines _ to operate. qantas is one of the airlines that _ to operate. qantas is one of the airlines that has - to operate. qantas is one of the airlines that has been i to operate. qantas is one of| the airlines that has been so exposed to this, more than others. it has been interesting, during the course of the pandemic which airlines have acted in different ways. some of them have had government funding in some countries, but in other countries, but in other countries,...
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Aug 25, 2017
08/17
by
BBCNEWS
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what could that mean for qantas?” because it usually has a stop. what could that mean for qantas? i like the idea. time—saving is something business travellers would value. what does it mean for the airline? they could charge a higher premium on the tickets. that comes with more energy efficiency and fuel efficiency. that has to come together. if they can do this, i believe this could be a successful route. a 20 hour flight. i don't know if i want to do that. what does qantas need to do to stay competitive? what advice do you have? offering free meals on a 20 hourflight, have? offering free meals on a 20 hour flight, what could have? offering free meals on a 20 hourflight, what could drive success in the long—run is giving a premium across all of what the airline has to offer. that starts had been qantas, being a streelman. —— with being. —— australian. and what are the benefits do they have against middle eastern carriers etc? they have done this in local routs, donating food to food banks, spending money on carbon offset programmes. i think they need to improve a lot
what could that mean for qantas?” because it usually has a stop. what could that mean for qantas? i like the idea. time—saving is something business travellers would value. what does it mean for the airline? they could charge a higher premium on the tickets. that comes with more energy efficiency and fuel efficiency. that has to come together. if they can do this, i believe this could be a successful route. a 20 hour flight. i don't know if i want to do that. what does qantas need to do to...
0
0.0
Oct 22, 2023
10/23
by
BBCNEWS
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— qantas. is it 'ust down to service? we _ qantas. is itjust down to service? we have - qantas. is itjust down to service? we have a - qantas. is itjust down to service? we have a new. qantas. is itjust down to - service? we have a new fleet, fl in: service? we have a new fleet, flying the _ service? we have a new fleet, flying the 50 _ service? we have a new fleet, flying the 50 900s _ service? we have a new fleet, flying the 50 900s and - service? we have a new fleet, flying the 50 900s and we - service? we have a new fleet, l flying the 50 900s and we have four of them that service the markets and we have a superb product, so between product and service standard and quality, we are a step ahead.- service standard and quality, we are a step ahead. let's talk about australia _ we are a step ahead. let's talk about australia because - we are a step ahead. let's talk about australia because the i about australia because the assistant treasurer has recently said he wants the australian government to keep qantas profitable. you compete against qantas. how do you feel about the stat
— qantas. is it 'ust down to service? we _ qantas. is itjust down to service? we have - qantas. is itjust down to service? we have a - qantas. is itjust down to service? we have a new. qantas. is itjust down to - service? we have a new fleet, fl in: service? we have a new fleet, flying the _ service? we have a new fleet, flying the 50 _ service? we have a new fleet, flying the 50 900s _ service? we have a new fleet, flying the 50 900s and - service? we have a new fleet, flying the 50 900s and...
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151
Aug 24, 2011
08/11
by
CNN
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eye 151
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. >> you've described qantas' earnings as very solid but also further proof that qantas must change. on face value those two statements look contradictory. can you explain what you mean by that? >> well, andrew, we have a portfolio of assets in the group, some of which are doing exceptionally well like jetstar, qantas domestic, freight and frequent flier. in the case of most of those assets they made record profits. for our qantas international business, it's taken a hit as a result of the high fuel price and the high australian dollar, and it did lose $216 million in the year just closed. and that business needs structural changes, significant change because the other parts of the business cannot keep on supporting it. so that's why great overall results, but this underlying problem were our international business that we need to address. >> so what you're saying is oil prices and the strong australian dollar are mainly responsible for this restructure. both of those issues could change. the dollar could weaken, oil prices could go down, that would make international profitable and
. >> you've described qantas' earnings as very solid but also further proof that qantas must change. on face value those two statements look contradictory. can you explain what you mean by that? >> well, andrew, we have a portfolio of assets in the group, some of which are doing exceptionally well like jetstar, qantas domestic, freight and frequent flier. in the case of most of those assets they made record profits. for our qantas international business, it's taken a hit as a result...
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40
Feb 22, 2018
02/18
by
BLOOMBERG
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eye 40
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we had a record we sold for qantas domestic. a record results from a qantas loyalty. and qantas international was down slightly. we had a huge it changes. that business to be implemented next year and we are expecting a significant improvement in its performance, all things being equal, next year. across the board, we were pleased with of the results. our shareholders, customers and employees benefit from those results. yvonne: international is your highest risk area. you talked about earnings falling 5% this first half. how would you assess competition? you have resources in asia, are looking to launch in europe. is the competition getting more intense or abating now? alan: there is still a lot of capacity. half we saw a slight increase in revenue of 0.3%. we are expecting that type of trend to continue. as i mentioned we have up three big initiatives on the change to improve the economics. we have eight of them in total arriving. there will be changes to move to singapore from dubai. emirates from some of the flights qantas is picking up. to londonw perth service th
we had a record we sold for qantas domestic. a record results from a qantas loyalty. and qantas international was down slightly. we had a huge it changes. that business to be implemented next year and we are expecting a significant improvement in its performance, all things being equal, next year. across the board, we were pleased with of the results. our shareholders, customers and employees benefit from those results. yvonne: international is your highest risk area. you talked about earnings...
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21
Feb 25, 2021
02/21
by
BBCNEWS
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eye 21
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how tough is it for qantas? i mean, they have been criticised as well and they for advertising international travel in the autumn?— international travel in the autumn? ~ ., ,, ., autumn? well, thank you for havin: autumn? well, thank you for having me. _ autumn? well, thank you for having me. it _ autumn? well, thank you for having me, it is— autumn? well, thank you for having me, it is good - autumn? well, thank you for having me, it is good to - autumn? well, thank you for having me, it is good to be l having me, it is good to be with you. it has been a very challenging market for qantas. they did originally advertise international flights from july onwards but even the tourism minister is basically asserting that we are probably looking at 2022 before things really get back on board. and it is probably why we're seeing qantas having a billion—dollar loss being reported in their most recent results. so qantas has suffered a significant in revenue in and across both domestic and international markets. dom
how tough is it for qantas? i mean, they have been criticised as well and they for advertising international travel in the autumn?— international travel in the autumn? ~ ., ,, ., autumn? well, thank you for havin: autumn? well, thank you for having me. _ autumn? well, thank you for having me. it _ autumn? well, thank you for having me, it is— autumn? well, thank you for having me, it is good - autumn? well, thank you for having me, it is good to - autumn? well, thank you for having me, it...
154
154
Nov 28, 2011
11/11
by
CNN
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eye 154
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qantas made a big thing about this, ramy, they were going to launch two airlines. >> qantas definitely looks like it's headed for some tougher and turbulent times ahead. first off, to the earnings that you just mentioned. the first half of its 2010-2011 fiscal year, qantas checked in this much amount of money, $417 million in profits. but for the same period this year, it's forecasting that to come in a lot less, come in at only between 140 and $190 million. a big fall right there. the reason for this? cost for fuel and cost for fighting with the rising price of fuel, qantas says its fuel bill will be more than this much money, $450 million. qantas also booked nearly $200 million in losses from disputes with union groups. you'll remember that led to qantas grounding its entire flight last month. that dented feature bookings and angered millions of customers. despite the bad news, their share price ended up higher by 3.4%. he says that's because customers are coming back since arbitration with the union groups. as for plans to cancel the premium airline, there are conflicting news repor
qantas made a big thing about this, ramy, they were going to launch two airlines. >> qantas definitely looks like it's headed for some tougher and turbulent times ahead. first off, to the earnings that you just mentioned. the first half of its 2010-2011 fiscal year, qantas checked in this much amount of money, $417 million in profits. but for the same period this year, it's forecasting that to come in a lot less, come in at only between 140 and $190 million. a big fall right there. the...
257
257
Nov 4, 2010
11/10
by
WMPT
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eye 257
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qantas had a rough couple of years, didn't they? >> yeah, they have. i mean, qantas really stuck by this record they have with no fatalities in their passenger air flight. i mean, it's been popularized in the movie "rain man," the dustin hoffman character refers to it, and it became quite famous after that. so they have had quite a few problems. 2008 in particular was a real qantas. they had a very nasty incident near the philippines where they had to make an emergency landing in manila when there was a small explosion in the actual cargo load. there was a hole in the aircraft the size of a minivan. and there have been a couple of others. there was a recent case of an emergency landing in august in san francisco, when there was another engine failure aboard a different kind of airplane. so qantas has got this fantastic safety record that it benefits from an enormous amount. but in recent years, it has had this problem. the unions always say that one of the reasons for that is so much is maintenance now, conducted off shore, although qantas is saying th
qantas had a rough couple of years, didn't they? >> yeah, they have. i mean, qantas really stuck by this record they have with no fatalities in their passenger air flight. i mean, it's been popularized in the movie "rain man," the dustin hoffman character refers to it, and it became quite famous after that. so they have had quite a few problems. 2008 in particular was a real qantas. they had a very nasty incident near the philippines where they had to make an emergency landing...
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31
Jun 25, 2020
06/20
by
BBCNEWS
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eye 31
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notjust not just about qantas notjust about qantas but how luftha nsa notjust about qantas but how lufthansa is also dealing with issues, and market difference in approaches. interesting to see what they will be. let's get some of the day's other news. human trials have begun of a second british—made covid—19 vaccine, with about 300 people to be given the jab. imperial college london, where the vaccine has been developed, says if it works and is safe, there could be enough doses to immunise 40 million people in the uk by next year. the eiffel tower will reopen to the public today, more than three months after france went into lockdown in the wake of the coronavirus pandemic. measures are in place to keep people 1.5 metres apart and the number of visitors will be limited to comply with social distancing measures. three men in the us state of georgia have been formally charged with the murder of ahmaud arbery, a young black man who was shot dead in february while out onajog. his case went largely unreported until video emerged of the killing more than two months later. ahmaud arbery‘s na
notjust not just about qantas notjust about qantas but how luftha nsa notjust about qantas but how lufthansa is also dealing with issues, and market difference in approaches. interesting to see what they will be. let's get some of the day's other news. human trials have begun of a second british—made covid—19 vaccine, with about 300 people to be given the jab. imperial college london, where the vaccine has been developed, says if it works and is safe, there could be enough doses to immunise...
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41
Aug 21, 2019
08/19
by
BLOOMBERG
tv
eye 41
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let's get you started with qantas numbers. we saw a slight miss when it came to pretax profit. 1.3 billion aussie dollars, but dividend per share raised to 13 aussie since -- cents. first of all, give us your take of the numbers first. >> qantas share price has been trading in a very tight range basically since their full-year numbers last year, so trade as as $5.80 and that period. the initial take is probably in line. yes, it is in this on the as stt a bit of a touch with regards to underlying in pt. withld say it is in line slightly better on international, slightly worse on domestic. you need to drill into the , which as abit group is slightly better than what most people had on a segment basis, so it beats underlying ebit by about $500 million, so that is pretty reasonable. i would also point out that there again, their loyalty program is an absolute standout. underlying ebit on that was 375 million dollars. that's another record. the highest it has been in seven years. if you look at how it is working, the margins are al
let's get you started with qantas numbers. we saw a slight miss when it came to pretax profit. 1.3 billion aussie dollars, but dividend per share raised to 13 aussie since -- cents. first of all, give us your take of the numbers first. >> qantas share price has been trading in a very tight range basically since their full-year numbers last year, so trade as as $5.80 and that period. the initial take is probably in line. yes, it is in this on the as stt a bit of a touch with regards to...
0
0.0
Aug 25, 2022
08/22
by
BLOOMBERG
tv
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qantas is showing about the travel. south32 was another one, the minor returning to four-year profit on that commodity strength we are seeing. oil is still moving above that key 100 level. the market really access -- really assessing the decline. and also the return of iranian crude. >> we are watching the currency space in our next guest says the dollar strength can be overdone. asia specific -- pacific investment strategist, good to have you back. does this mean we could see some relief for asia currency? the 13 year low in the korean won is not helping with price pressures, how will markets react to the be ok? >> in the near term i think there is reasons to believe the u.s. dollar could retain his strength because u.s. data is most of the best in the world. because the gas situation europe and the economic sentiment in europe is very weak, and china stimulus is not really having the effect that it desired. but you can fast-forward to the end of the year or early next year and i think the odds of recession in the u.s.
qantas is showing about the travel. south32 was another one, the minor returning to four-year profit on that commodity strength we are seeing. oil is still moving above that key 100 level. the market really access -- really assessing the decline. and also the return of iranian crude. >> we are watching the currency space in our next guest says the dollar strength can be overdone. asia specific -- pacific investment strategist, good to have you back. does this mean we could see some relief...
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251
Aug 31, 2010
08/10
by
KPIX
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eye 251
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it was flight 74 qantas flight 74 a 747 jet. apparently when the plane landed, everybody cheered and all of the passengers have since been booked in area hotels until qantas can get them on another flight to sydnie. no mention of this on the sfo or qantas websites. we haven't heard yet from qantas on what happened. >> thank you, anne makovec at sfo. >>> the suspect in some recent violent crimes in oakland is in jail. phillip grimes is accused of seven shootings in oakland in the last 10 days. police found grimes at an apartment on tenth avenue at east 24th street last night. as officers approached, someone was throwing weapons out a second-story window. a number of handguns and assault weapons were also found in the apartment. grimes and two other men were arrested. >>> the fremont police officer shot while on duty last friday is up graded from critical to serious condition. officer todd young lost at least 40% of his blood when he was shot last friday while serving a warrant in oakland. the suspect carjacked at least two cars a
it was flight 74 qantas flight 74 a 747 jet. apparently when the plane landed, everybody cheered and all of the passengers have since been booked in area hotels until qantas can get them on another flight to sydnie. no mention of this on the sfo or qantas websites. we haven't heard yet from qantas on what happened. >> thank you, anne makovec at sfo. >>> the suspect in some recent violent crimes in oakland is in jail. phillip grimes is accused of seven shootings in oakland in the...
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298
Feb 17, 2011
02/11
by
CNN
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eye 298
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qantas has most of our assets. so we do need qantas' performance to continue to improve. and we are seeing continuation in that improvement. domestically, we're seeing yield premium return to the pre-gfc levels and our domestic performance is very good. our focus is on how we improve the international business going forward and get their leverage in that business. >> joyce also spoke tbt aairlines' losses. it was forced to ground their a-380 super jumbo fleet in november after one of the rolls-royce engines exploded and forced and emergency landing in singapore. >> we lost a lot of international capacity when we grounded the aircraft. we had disruption to a large number of customers which we apologized for and as a consequence of us taking that action. but total cost to qantas this financial year will be $80 million. the results would have been better in the first half by $55 million if it wasn't for the grounding of the aircraft. what we're also seeing is the damage to the aircraft in singapore is over $100 million. that cost is fully recovered by insurance or the agreem
qantas has most of our assets. so we do need qantas' performance to continue to improve. and we are seeing continuation in that improvement. domestically, we're seeing yield premium return to the pre-gfc levels and our domestic performance is very good. our focus is on how we improve the international business going forward and get their leverage in that business. >> joyce also spoke tbt aairlines' losses. it was forced to ground their a-380 super jumbo fleet in november after one of the...
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Mar 16, 2017
03/17
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BLOOMBERG
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the qantas customer service ratings are the best they have ever been. we have new seats, the best lounges in the world. we are putting wi-fi on the aircraft and leveraging that technology. rishaad: and ancillary revenues coming from that? >> we do. what we have been good at has been generating revenues through new businesses. a healthnched insurance business, a media business, and analytics business. $320 million from the secondary businesses, which helps the airline maintain a stable level. to youi want to talk about china as a priority growth area. and you give us some details over the next three years how you plan to get more of a grounding in that market and also how do you plan to deal with the emerging dominance of chinese airlines? marketa is a phenomenal for us currently, and it is the future. if you look at the tourism numbers from china into australia, 1.1 million people traveling last year. in the next 10 years, it is expected to grow at an annual rate of 13%. that is phenomenal growth. we are capitalizing on that with partnerships with china
the qantas customer service ratings are the best they have ever been. we have new seats, the best lounges in the world. we are putting wi-fi on the aircraft and leveraging that technology. rishaad: and ancillary revenues coming from that? >> we do. what we have been good at has been generating revenues through new businesses. a healthnched insurance business, a media business, and analytics business. $320 million from the secondary businesses, which helps the airline maintain a stable...
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Aug 25, 2021
08/21
by
BLOOMBERG
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eye 12
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let's get you more details around the qantas numbers. we're hearing the company saying covid is likely to cost the carrier over $20 billion aussie in revenue. they say the impact figure assumes the border between victoria and new south wales reopens by december. of course we are in week nine of a hard lockdown when it comes to travel. the recovery in the domestic is this had very much been on that border being reopened. they see domestic capacity for the broader group at 53% of pre-covid in the second quarter. net debt expected to be in the target range by the end of full-year 2022. qantas also saying no job losses are expected from the border closures. we know that there furloughed more of their airport and flight staff as well, given the extended lockdown and closure of those borders. the pre-start of the international services slated for the end of 2022. but of course a lot of caveats in terms of international borders still remaining closed. just that latest line, 9400 people have now left the company. we will be getting a lot more de
let's get you more details around the qantas numbers. we're hearing the company saying covid is likely to cost the carrier over $20 billion aussie in revenue. they say the impact figure assumes the border between victoria and new south wales reopens by december. of course we are in week nine of a hard lockdown when it comes to travel. the recovery in the domestic is this had very much been on that border being reopened. they see domestic capacity for the broader group at 53% of pre-covid in the...
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Feb 27, 2014
02/14
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ALJAZAM
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the aircraft fleet will be cut by 50. >> qantas has been an icon for decades. to remain one it needs to adopt. >> as well as cutting costs and changing, the airline is pushing for a change in the way it's regulated. australia's government is it considering lifting restrictions on foreigners owning a majority stake. the company wants a guarantee of debts with change within. qantas's management think they can help the airline fly high once again. >> we'll get a weather update next. still to come a government subsidy gone run. thailand's anti-government agency summons a prime minister to court. >> a story of life under the commer rouge. the man behind the oscar nominated film. >> hello again. the top stories on al jazeera. ukraine's parliament is meeting to approve a new government. armed men seized buildings in the southern region of crimea, and have raised a russian in a change to the new leadership. >> the syrian army says it killed 175 rebels. the opposition says the rebels were escorting civilians when they were targeted. >> 15% of the workforce of australia
the aircraft fleet will be cut by 50. >> qantas has been an icon for decades. to remain one it needs to adopt. >> as well as cutting costs and changing, the airline is pushing for a change in the way it's regulated. australia's government is it considering lifting restrictions on foreigners owning a majority stake. the company wants a guarantee of debts with change within. qantas's management think they can help the airline fly high once again. >> we'll get a weather update...
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Dec 3, 2019
12/19
by
BBCNEWS
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eye 16
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what is qantas doing? we have said that by 2020 we will be carbon neutral in all of our growth, including project sunrise, it will be offsetting its carbon emissions. we have already doubled, we have the largest carbon offset programme in the world. 10% of our customers at modest .com offset their carbon emissions. we have said we will match that dollar for dollar from three weeks ago and by 2050 we will be net zero carbon emissions by investing in sustainable aviation fuels and offsetting. reports say you are about to cutjobs just before christmas. is that true? like in everything we do, we are hiring in areas and cutting back on areas. we are hiring hundreds of pilots, cabin crew and ground staff, and there are some areas which are back office stair areas where technology is replacing jobs, where artificial intelligence is coming in. it is interesting you mention ai. do you expect the technology to replace a lot of your employees?” expect the technology to replace a lot of your employees? i think it wi
what is qantas doing? we have said that by 2020 we will be carbon neutral in all of our growth, including project sunrise, it will be offsetting its carbon emissions. we have already doubled, we have the largest carbon offset programme in the world. 10% of our customers at modest .com offset their carbon emissions. we have said we will match that dollar for dollar from three weeks ago and by 2050 we will be net zero carbon emissions by investing in sustainable aviation fuels and offsetting....
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Feb 16, 2012
02/12
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CNN
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qantas airways, a standout performance today. qantas up more than 6%. now, they're up about 30% so far this year. and nina, you can tell us why they've been reacting positively today. >> i certainly can, andrew. this particular stock balance for qantas has come after the airline announced big cost-cutting plans going forward. that will it help counter a backlash. qantas' net income the first half of the year as you can see here plunged to the tune of 83% for the same period last year. now, it plunged from 83% to a total of 45 million u.s. dollars, from nearly six times that figure just 12 months ago. a lot of this is thanks to higher fuel costs and flight disruptions. also they had a series of labor disputes that were partly to blame for the shortfall in the earnings here. qantas' ceo, alan joyce, is saying the airline will manage to weather the storm. he's going to be announcing a whole series of cost-cutting plans, including, as you'd imagine, cutting jobs. he's planning on cutting spending to the tune of $750 million over the years to come. >> we ant
qantas airways, a standout performance today. qantas up more than 6%. now, they're up about 30% so far this year. and nina, you can tell us why they've been reacting positively today. >> i certainly can, andrew. this particular stock balance for qantas has come after the airline announced big cost-cutting plans going forward. that will it help counter a backlash. qantas' net income the first half of the year as you can see here plunged to the tune of 83% for the same period last year....
WHUT (Howard University Television)
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Nov 4, 2010
11/10
by
WHUT
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qantas a380 aircraft operate in singapore and sydney. a significant engine failure happened after takeoff and they returned to singapore. >> police discovered a tunnel under the border to smuggle drugs from mexico to the united states. a tropical storm is heading toward camps packed with survivors -- survivors of haiti's earthquake. welcome to "bbc world news. also coming up, in the next hour, european central banks -- will be followed the lead of the u.s. fed and inject more money into their economy? we continue our world of dreams series. they hope to do even better in london. >> hello. qantas has grounded its fleet of superjumbo after one of the six a380's was forced into an emergency landing. an engine on a flight bound for sydney from london shut down shortly after it began the second stage of the journey of singapore. it is the most serious safety issue to affect the airbus since it launched three years ago. it came into difficulties over indonesia. witnesses say they heard an explosion. qantas has described the engine failure itse
qantas a380 aircraft operate in singapore and sydney. a significant engine failure happened after takeoff and they returned to singapore. >> police discovered a tunnel under the border to smuggle drugs from mexico to the united states. a tropical storm is heading toward camps packed with survivors -- survivors of haiti's earthquake. welcome to "bbc world news. also coming up, in the next hour, european central banks -- will be followed the lead of the u.s. fed and inject more money...
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Aug 25, 2017
08/17
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BLOOMBERG
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let's stay on qantas as she mentioned. profit of $1.1 billion, eating estimates, it from its previous record, the airline announced a plan to buy back to $94 million of shares and perhaps nonstop direct on a four hour flights to sydney and london and new york. joining us is ceo alan joyce. great to have you back on our program. we will get to this sexy news headline about the direct flight to new york and london in a moment but i wanted to talk to you about the international business first. the second half revenue was down about 2%. what is going on with the international side? were seeing a lot of capacity being added in the first half of the financial year, which the present yield some risk. that moderated in the second half and we are seeing the trend continuing. what is great to see is that the international business had the second-best result in its history. it's great to see it is outperforming all of its peers singapore,on, virgin. what we are seeing is significant benefits to come from the entry of the 787 in octob
let's stay on qantas as she mentioned. profit of $1.1 billion, eating estimates, it from its previous record, the airline announced a plan to buy back to $94 million of shares and perhaps nonstop direct on a four hour flights to sydney and london and new york. joining us is ceo alan joyce. great to have you back on our program. we will get to this sexy news headline about the direct flight to new york and london in a moment but i wanted to talk to you about the international business first. the...
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qantas grounded its fleet of a-380s to figure out what went wrong of the the next day, a qantas 747, different plane, different manufacturer, experienced engine failure. also a rolls-royce engine but a different type than the one that blew up thursday. anyway, the qantas ceo today announced bad news, problems found on several a-380s. >> oil leaks have been discovered in the turbine area of three engines. we have removed these enjis from the aircraft for further testing. and we are now plan iningn the total obvious? this is a big, big, big plane. overall length 238 feet. if you stood on its tail, almost 20 feet taller than the golden gate bridge. the wing span 261 feet, me getting on an a-380 a couple years ago. three nba basketball courts laid end to end. it can carry more than 550 passengers. i'm not the only one to have flown on an a-380. rich quest has flown on everything the sky has offered, he's with us from london to talk about these developments. you know, qantas will get their stuff together, figure it out. but the implications, the a-380, richard, was such a major advance in
qantas grounded its fleet of a-380s to figure out what went wrong of the the next day, a qantas 747, different plane, different manufacturer, experienced engine failure. also a rolls-royce engine but a different type than the one that blew up thursday. anyway, the qantas ceo today announced bad news, problems found on several a-380s. >> oil leaks have been discovered in the turbine area of three engines. we have removed these enjis from the aircraft for further testing. and we are now...
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0.0
Sep 5, 2023
09/23
by
BBCNEWS
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eye 0
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the chief executive of the australian flag—carrier qantas has quit two months ahead of planned, after a difficult few weeks for the company. joyce, who has held the post for 15 years, says his departure will help the firm "move ahead". vanessa hudson will take over as qantas' first female boss. 0ur international business correspondent theo leggett explains why mrjoyce has left early. his departure has been coming and it's been brought forward for very good reasons. if you look solely at the financial performance of qantas, then you would be justified in saying, "why on earth is mrjoyce leaving 7 " because as you say, they have just recorded a record annual profit. they steered themselves through the financial crisis. in financial terms, this is a robust company and throughout his tenure, mrjoyce focused on cutting costs. he focused on facing down unions, he focused on increasing profits, and he's done all of that. the problem is that a lot of this has come at the expense of qantas' reputation with its staff and with consumers. and over the past couple of years, these pressures have be
the chief executive of the australian flag—carrier qantas has quit two months ahead of planned, after a difficult few weeks for the company. joyce, who has held the post for 15 years, says his departure will help the firm "move ahead". vanessa hudson will take over as qantas' first female boss. 0ur international business correspondent theo leggett explains why mrjoyce has left early. his departure has been coming and it's been brought forward for very good reasons. if you look...
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217
Nov 4, 2010
11/10
by
KPIX
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qantas argues this, saying the flight path was set far away from the eruption. still, it isn't the first time an a-380 has made an emergency landing. in 2009, a singapore airlines super jumbo jet was forced to return to paris when an engine cut out in mid-flight. they are designed to work with just three engines, but qantas isn't taking any chances. its fleet of six super jumbo a-380s is staying safely on the tarmac until it is clear what went wrong with this massive plane. >>> now to politics and the continuing fallout from tuesday's midterm elections a somber president obama described the punishing defeat suffered by democrats as a shellacking, saying he's ready to work with republicans but admitted it won't be easy. preeti arla is in washington with much more on this. good morning, preeti. >> good morning, betty. republicans are already talking about changing course in the future but they did say they hope the president would be willing to work with them on their priorities. the president signaled that he is willing to listen to republican ideas. republicans
qantas argues this, saying the flight path was set far away from the eruption. still, it isn't the first time an a-380 has made an emergency landing. in 2009, a singapore airlines super jumbo jet was forced to return to paris when an engine cut out in mid-flight. they are designed to work with just three engines, but qantas isn't taking any chances. its fleet of six super jumbo a-380s is staying safely on the tarmac until it is clear what went wrong with this massive plane. >>> now to...
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132
Dec 16, 2013
12/13
by
BLOOMBERG
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australia giving qantas a helping hand. it won't be minoring -- it will be money that they are offering. x says that it will have a major airplane order with airbus. the announcement is to be made in paris on wednesday. last month, they said that they 330's -- eight that willcost carrier be based in taiwan to make the most of an increase travel demand in northeast asia. >> the australian government has marked its first one hundred days in august by announcing support for the national airline qantas. us go to sydney where paul allen joins us. -- let's go toh sydney where paul allen joins us. let's start with qantas. >> they won't be offering a large. suitcase of cash it expects it to stand on its own feet. but he can smooth the road a little. it will be meeting today to see what can be done, perhaps guaranteeing qantas's debt. own 39% ofn only qantas. by air new0% owned zealand. qantas is also struggling, as many airlines do, with rising fuel costs. to $300ld make up million. &p downgraded it to junk status. >> but not music
australia giving qantas a helping hand. it won't be minoring -- it will be money that they are offering. x says that it will have a major airplane order with airbus. the announcement is to be made in paris on wednesday. last month, they said that they 330's -- eight that willcost carrier be based in taiwan to make the most of an increase travel demand in northeast asia. >> the australian government has marked its first one hundred days in august by announcing support for the national...
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41
Nov 29, 2017
11/17
by
BBCNEWS
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we will find out from the man who was credited with turning qantas around. and the new chief of ericsson has his sights set on asia as the tech and telecommunications industry changes with the times. good morning asia, hello world. it isa good morning asia, hello world. it is a wednesday. thank you for joining us for another exciting edition of asia business report. we start off with australia's flagship carrier qantas and the ceo alan joyce. here's the highest paid airline chiefs in the airline —— asia—pacific region june. he airline chiefs in the airline —— asia—pacific regionjune. he has turned around the fall tunes of the airline through painful cost—cutting and restructure. they are now investing in new routes, especially in asia. we spoke to mrjoyce in london about qantas's ambitions in china and its eye watering $19 billion pay packet last year. the shareholders who own the company are the ones who decide my pay. and in every report we have had go to the agm we have had 98, 90 9% including this year, the port for that. the reason why i g
we will find out from the man who was credited with turning qantas around. and the new chief of ericsson has his sights set on asia as the tech and telecommunications industry changes with the times. good morning asia, hello world. it isa good morning asia, hello world. it is a wednesday. thank you for joining us for another exciting edition of asia business report. we start off with australia's flagship carrier qantas and the ceo alan joyce. here's the highest paid airline chiefs in the...
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125
Dec 8, 2014
12/14
by
BLOOMBERG
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eye 125
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raising profits, qantas soaring. catching a tiger. the fall of one the most powerful figures in china. heads to theapan polls, the recession has deepened more than calculated. over to tokyo. sherry and is live. how bad the numbers were? >> rish, it was quite surprising to see that revised gdp data out of japan today. the gdp shrinking an annualized 1.9% and the third quarter. more than the initial breeding off contraction of 1.6 first it. it was quite unexpected. gave a the 24 economists figure that low. we had expected gdp data to be revised upwards. this figure showing the japanese economy is in a much deeper recession than originally thought. that will be a below to prime minister shinzo abe in the election season where we have less than a week to go to vote on sunday. >> chari, let's discuss as he goes to the polls, he has a whole host of issues. can you walk us through some of the key ones? >> rish, a lot of unfinished business for the japanese prime minister. three key issues. let's get started with inflation, prices. inflationa
raising profits, qantas soaring. catching a tiger. the fall of one the most powerful figures in china. heads to theapan polls, the recession has deepened more than calculated. over to tokyo. sherry and is live. how bad the numbers were? >> rish, it was quite surprising to see that revised gdp data out of japan today. the gdp shrinking an annualized 1.9% and the third quarter. more than the initial breeding off contraction of 1.6 first it. it was quite unexpected. gave a the 24 economists...
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64
Dec 10, 2013
12/13
by
KCSM
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eye 64
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this time qantas said it is time for introspection. well i have. i was the one that can incite results. but the paths of. christ i suppose the lesson was who employs fifteen people. she also hinted that id may face a fine intentions under new leadership and he'll put you try it sometime in the city of jenin. the name on the move. maybe other stuff the sun and congress vice president of the gandhi said that i deem that a contestant on the up and that the jobs and then in the kitchen. i think ahmad the party. has involved a lot of people. for the traditional parties did not been born. we were going on from that. and we are going to build a better job than anybody in the country and in awe of people in ways that you won't tell anyone imagine it. that seems to be worthy of note another sunday that campaigns for the idea across provinces. expected to be the face and body. it is us in washington and actions yes on to corruption body this made a spectacular w in delhi assembly elections has said that the state came to form the government as it does not ha
this time qantas said it is time for introspection. well i have. i was the one that can incite results. but the paths of. christ i suppose the lesson was who employs fifteen people. she also hinted that id may face a fine intentions under new leadership and he'll put you try it sometime in the city of jenin. the name on the move. maybe other stuff the sun and congress vice president of the gandhi said that i deem that a contestant on the up and that the jobs and then in the kitchen. i think...
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259
Aug 23, 2012
08/12
by
CNBC
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eye 259
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what else can qantas do? >> i think the key thing here for qantas is to look at it as a company. where qantas is successful, jet, the low-cost subsidiary is doing substantially well. what are they doing? they've broken into markets like singapore, vietnam, growth markets where there's potential. they could soon go into hong kong. they seem to be more successful in applying their business model into the growth region and staying advantage of growth there. now, it is tougher for qantas to do something similar, because as a full-service carrier, that puts them directly competition against some of the home carriers. and there will be a lot more resistance to them doing it. but that doesn't mean to stop doing it. actually, qantas should take a sleep out of what jetstar is doing, ironically, and that could be the future. it doesn't necessarily mean give up on the full-service business. there's a potential there. you see them making money in those markets, but qantas needs to be strategic about where it grows. it needs to get out of australia and go out there and make money. >> siva, th
what else can qantas do? >> i think the key thing here for qantas is to look at it as a company. where qantas is successful, jet, the low-cost subsidiary is doing substantially well. what are they doing? they've broken into markets like singapore, vietnam, growth markets where there's potential. they could soon go into hong kong. they seem to be more successful in applying their business model into the growth region and staying advantage of growth there. now, it is tougher for qantas to...
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Feb 23, 2017
02/17
by
BBCNEWS
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eye 42
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on an underlying any basis, qantas domestic was down. we are seeing a lot of effect on the international market. —— australian market. but jetstar did well, and that was committed to a strong domestic performance, as well as improvements in profitability at the operations in asia. 50 what must they do in in profitability at the operations in asia. so what must they do in the medium to long—term to be to improve profitability and be more consistent with their earnings? they have started to work on a lot. we are about two years through a three—year translation programme that the cupboard has been through. they cut out a lot of cost. that has put them ona out a lot of cost. that has put them on a much more sustainable footing. i think from here on in, it will be down to just cut and goes, and it really depends on consumer sentiment. we see that qantas is already going into laws and you long more routes, and that is tried to ta ke more routes, and that is tried to take them away from that competitive market. they will be challenging,
on an underlying any basis, qantas domestic was down. we are seeing a lot of effect on the international market. —— australian market. but jetstar did well, and that was committed to a strong domestic performance, as well as improvements in profitability at the operations in asia. 50 what must they do in in profitability at the operations in asia. so what must they do in the medium to long—term to be to improve profitability and be more consistent with their earnings? they have started to...
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15
Jun 23, 2021
06/21
by
BLOOMBERG
tv
eye 15
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. >> -- the latest on qantas in sydney. we will get more on the tourism sector when we speak with the ceo of hong kong hotels about the outlook for their business. you don't want to miss out on that conversation, shery. shery: take a look at the markets right now because we are seeing stocks getting ground for a third session, but this of course as we see the kiwi currency, the aussie currency as well under pressure today, given that of course we are seeing virus restrictions, a resurgence of the virus, a looming lockdown in australia so aussie futures down .4%. when it comes to the japanese equity markets, we could see a little bit of upside as the japanese is holding at around the weakest level in more than a year against the dollar. the lowest level since march 2020. at one point, it fell past that 111 per dollar market. holding close to those levels. this as we continue to see the rate divergence expectations here from the fed and the boj as well. when it comes to the class b futures, up .6% after gaining for two consec
. >> -- the latest on qantas in sydney. we will get more on the tourism sector when we speak with the ceo of hong kong hotels about the outlook for their business. you don't want to miss out on that conversation, shery. shery: take a look at the markets right now because we are seeing stocks getting ground for a third session, but this of course as we see the kiwi currency, the aussie currency as well under pressure today, given that of course we are seeing virus restrictions, a...
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Feb 20, 2020
02/20
by
BBCNEWS
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australian airline qantas is the latest to issue a warning about the impact of the coronavirus on its business. and we'll hearfrom india — where the dreaded r word is causing a huge controversy. is the country heading into recession? cashing in on instagram. how companies are working to influence you through your social media feeds. and a new book coming out gives us insight into how facebook‘s mark zuckerberg apparently copes with nerves — so we want to know how you calm down before a big work meeting or presentation. let us know — just use the hashtag bbcworklife. hello, and welcome to worklife. a warm welcome to the programme. the world's biggest gambling hub starts a fightback against the new coronavirus today. macau reopens its casinos after closing them for more than two weeks, because of the outbreak. it's a vitally important sector for the chinese territory, which last year brought in almost $36.5 billion. it comes as many companies around the globe struggle to cope with the impact of the outbreak. in china, tech firms like tecent, alibaba and microsoft have said their
australian airline qantas is the latest to issue a warning about the impact of the coronavirus on its business. and we'll hearfrom india — where the dreaded r word is causing a huge controversy. is the country heading into recession? cashing in on instagram. how companies are working to influence you through your social media feeds. and a new book coming out gives us insight into how facebook‘s mark zuckerberg apparently copes with nerves — so we want to know how you calm down before a...
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53
Nov 15, 2019
11/19
by
BBCNEWS
tv
eye 53
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in order for qantas very economically through the gulf or china. in orderfor qantas to get some kind of premium, they need to offer something different and they are the only game in town. certainly british airways and virgin atlantic are not british airways and virgin atlantic a re not interested british airways and virgin atlantic are not interested in this. qantas needs to do this and it thinks to get the premium market sewn up from london to sydney and new york to sydney. environmentally speaking, surely a long haulflight like sydney. environmentally speaking, surely a long haul flight like this is worse in terms of carbon emissions than stopping so that's going in the wrong direction, isn't it? it most certainly is. their timing was quite interesting, given the clamour over one change. i was tracking it through the night, i think i had a more comfortable time than luke! it flew over the capital of kaza khsta n than luke! it flew over the capital of kazakhstan and if ads stop to refuel and also in the philippines, it would have cut the carbon em
in order for qantas very economically through the gulf or china. in orderfor qantas to get some kind of premium, they need to offer something different and they are the only game in town. certainly british airways and virgin atlantic are not british airways and virgin atlantic a re not interested british airways and virgin atlantic are not interested in this. qantas needs to do this and it thinks to get the premium market sewn up from london to sydney and new york to sydney. environmentally...
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206
Nov 21, 2011
11/11
by
CNNW
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. >> talks have collapsed between qantas unions. the dispute is in the hands of the empire. >> and with hours to go and no budget resolution in sight, u.s. lawmakers are e preparing for defeat. >>> first up though, spain has voted a new prime minister in in the form of the popular party leader who is promising to get the nation back on track with measures to come. if that's giving comfort to span yards, it's not having the same eflkt on investors today. what defined is set to continue. let's have a look at where they stand as we speak. it's a sea of red arrows across the board. a number of the markets are ready in excess. and in recent weeks, market activity is frequently being driven by the costs of european economies. and the likelihood or otherwise that these high-barring costs can be sustained. italy and spain has seen their yield stabilize after hitting the dangerous threshold of 7% last week. the spanish not far behind at 6.46 today. >>> very little reason to buy for any investor anywhere at equities today. we got news out of
. >> talks have collapsed between qantas unions. the dispute is in the hands of the empire. >> and with hours to go and no budget resolution in sight, u.s. lawmakers are e preparing for defeat. >>> first up though, spain has voted a new prime minister in in the form of the popular party leader who is promising to get the nation back on track with measures to come. if that's giving comfort to span yards, it's not having the same eflkt on investors today. what defined is set...
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Oct 23, 2023
10/23
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BBCNEWS
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you compete against qantas. how do you feel about the state aid that your rivals have possibly received ? i honestly wish we had the same. during covid they helped us with guarantees that no cash and we had to double our debt to survive. and we've already paid back 30%, so we had a different approach to qantas and air new zealand. we never shut down and we kept the airline alive, so our philosophy was to be ready at a moment's notice and we had many ready programmes. and when in december 2021, the boarders opened, we were the first movers in the market, and are still the first mover today. votes are being counted in argentina's presidential election. the frontrunner is a right wing economist and tv personality, who has proposed replacing the local currency with the us dollar to control spiralling inflation. september inflation came in at 138% in the taylor swift continues to "hit different" at the box office. dollars on its second weekend in the cinemas. the end of november, it will become the highest grossing c
you compete against qantas. how do you feel about the state aid that your rivals have possibly received ? i honestly wish we had the same. during covid they helped us with guarantees that no cash and we had to double our debt to survive. and we've already paid back 30%, so we had a different approach to qantas and air new zealand. we never shut down and we kept the airline alive, so our philosophy was to be ready at a moment's notice and we had many ready programmes. and when in december 2021,...
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May 1, 2023
05/23
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BLOOMBERG
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>> qantas is doing very well financially for the moment. it has delivered record profits, it is due to keep on doing that. and that is largely because joyce has really reduced costs so much through covid, cutting more than 8000 jobs. vanessa hudson will also have to somehow pay for the huge investment that joyce has ordered. from financial specters, the biggest in financial history. >> angus whitley with the latest on qantas. we will also have the president and ceo of astellas pharma with its latest acquisition, up next. this is member. -- bloomberg. ♪
>> qantas is doing very well financially for the moment. it has delivered record profits, it is due to keep on doing that. and that is largely because joyce has really reduced costs so much through covid, cutting more than 8000 jobs. vanessa hudson will also have to somehow pay for the huge investment that joyce has ordered. from financial specters, the biggest in financial history. >> angus whitley with the latest on qantas. we will also have the president and ceo of astellas...
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Feb 4, 2018
02/18
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BLOOMBERG
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a lot going on for qantas. we are returning to the singapore airshow throughout the day on bloomberg television. ap ofour, boeing's senior sales discusses its take-up of planes in asia. robert martinen joins us to look at asia's demand for aircraft. we will also talk about the importance of global alliances with star lines ceo. this is bloomberg. ♪ ♪ a quick check of the latest business flash headlines. the hong kong stock exchange issued new guidelines allowing companies to price ipos below the indicative range as it tries to attract more to the list. copies can price shares as much as 10% below the bottom of the range. the change takes effect immediately to be reviewed in 12 months. yvonne: honda lifted its forecast for operating income, although guidance remains below analyst estimate. billion, but $6.7 2.3% below market expectation. the stock is nine buys, 16 holds and no cells. coming up in the next hour, we will continue to look at the global bond rout with tax-free capital raymond lee in about 15 min
a lot going on for qantas. we are returning to the singapore airshow throughout the day on bloomberg television. ap ofour, boeing's senior sales discusses its take-up of planes in asia. robert martinen joins us to look at asia's demand for aircraft. we will also talk about the importance of global alliances with star lines ceo. this is bloomberg. ♪ ♪ a quick check of the latest business flash headlines. the hong kong stock exchange issued new guidelines allowing companies to price ipos...
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Sep 27, 2023
09/23
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it was not an easy run for qantas. paul: it was not. it started off with the new ceo vanessa hudson making conciliatory remarks admitting qantas really needed to do better. the senate committee chair bridget mckenzie really laid into the airlines challenging hudson on the new direction considering hudson had given support to the former ceo alan joyce this policies during an investor day leading to ghost flights, illegal sackings, etc.. mckenzie asked a series of questions qantas did not have answers for. they did not make a submission into the inquiry either. it really built into an opportunity for the senate committee chair to scold qantas. here is what you had to say. chair mckenzie: guess what? when you come to a senate inquiry we ask questions and you are supposed to come with the answers. it's a bit like failing to hand in a submission. not having details about when you had made significant decisions in partnership with the government to show us a level of disrespect. paul: this committee was set up to investigate the government de
it was not an easy run for qantas. paul: it was not. it started off with the new ceo vanessa hudson making conciliatory remarks admitting qantas really needed to do better. the senate committee chair bridget mckenzie really laid into the airlines challenging hudson on the new direction considering hudson had given support to the former ceo alan joyce this policies during an investor day leading to ghost flights, illegal sackings, etc.. mckenzie asked a series of questions qantas did not have...
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Jun 26, 2020
06/20
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BLOOMBERG
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there are benefits qantas has. the main thing that has shut down more than anything else is international roots. but australia is one of the biggest domestic aviation markets in the world, i think the seventh biggest in the world. and qantas has a dominant share, 60% share, so it is very strong, and stronger at the moment because its main domestic competitor is virgin australia, which went and corrupt. there is a sale going on at the moment, and it looks like it is going to be sold to bain, one of the other bidders as far as capital just pulled out overnight and had complaints about the sale price. shery: does this make qantas stronger in its position in the domestic market, perhaps even though it will get smaller in the near term? dave: obviously it will be smaller, about half of its traffic is international roots and those are closed, and not likely to return for a couple of years, at this stage, qantas says. but all those those international roots -- but although those international considerable, they are only a
there are benefits qantas has. the main thing that has shut down more than anything else is international roots. but australia is one of the biggest domestic aviation markets in the world, i think the seventh biggest in the world. and qantas has a dominant share, 60% share, so it is very strong, and stronger at the moment because its main domestic competitor is virgin australia, which went and corrupt. there is a sale going on at the moment, and it looks like it is going to be sold to bain, one...
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Jun 30, 2014
06/14
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BLOOMBERG
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at one point, qantas was losing $450 million a year. that, bynal plan was 2015, you would see a proper international unit. said that isjoyce not what happened. it is not a great sign for how quickly they will be able to turn that around. qantas adding a bit of a drag when it comes to the market in sydney. indexesten, that dictated to where the miners are going to. iron ore stocks, the iron ore prices below $90 for the first time since 2012. --r same for skew metals that is really dragging down the benchmarks. australian banks off by half a .ercent there i down. iron ore prices >> let's look at some of the top corporate stories. it could be australia's biggest ipo in my than three years. health scope hopes to raise as much as two point $4 billion, selling more than a billion shares. the chief finance officer says he does not expect a turnaround anytime soon. it will take time for prices to gain. clearing the skies with drones. china is using the unmanned craft in its fight against pollution. catcheas to catch them -- companies not follow
at one point, qantas was losing $450 million a year. that, bynal plan was 2015, you would see a proper international unit. said that isjoyce not what happened. it is not a great sign for how quickly they will be able to turn that around. qantas adding a bit of a drag when it comes to the market in sydney. indexesten, that dictated to where the miners are going to. iron ore stocks, the iron ore prices below $90 for the first time since 2012. --r same for skew metals that is really dragging down...